Fairfield Inn & Suites by Marriott-Monahans-Texas

1517 S Stuart Ave, Monahans, TX

$11,500,000

Price

48,746 sqft

Building Size

2.5 acres

Lot Area

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Street
Map
Overview
Building Size
48,746 sqft
Lot Area
2.5 acres
Keys
95
Year Built
2021
Floors
4
Description

NewGen Advisory and Bharat Vakil has been exclusively retained to offer this beautiful , performing exceedingly well and Brand New Fairfield Inn & Suites by Marriott to Qualified Hoteliers . Fairfield Inn & Suites is built in 2021 and opened it's door for business in July of 2021. Fairfield Inn & Suites consists of beautifully appointed 95 Guest Room & Suites and many modern amenities including indoor swimming pool. Since opened , Hotel is getting a excellent penetration index with its competitive set of Hotels and is fully stabilized in within just 30 months as of December 2023. Fairfield Inn & Suites is offered at significantly well below replacement cost at only $121 K per key to qualified Hoteliers & Investors. 2023 Room Revenue is $ 2.2 Million. and projected to go up in 2024.
Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.


Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin lends its name to a large oil and natural gas producing area, part of the Mid-Continent Oil Producing Area. The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. and accounts for almost 40% of oil and 15% all natural gas produced in the United States. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.

Highlights
  • Fairfield Inn & Suites is offered at way below replacement cost at only $121 K per key.
  • Fairfield Inn & Suites is built in 2021 and opened it's door for business in July of 2021.
  • Hotel is performing exceedingly well with Room Revenue of 2023 is $2.2 MM.
  • Hotel is getting excellent penetration index with its competitive set of Hotels.
  • Hotel's Revenue and NOI are projected upwards in 2024.
Location
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